EURGBP: 5th wave?
Bearish:Currently we are at 0.8520 on the top of a day chart trend.A continuation here would signal the start of a 5th wave to the downside. Target 1 is the S6 from the 3rd wave and target 2 is the double bottom @ 0.8300 area. The average daily true range (ATR) for the pair currently is 81 pips with a 180-day ATR of 60 Pips.
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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